China's Gome plans share sale to raise capital

05/27/2009 | China Daily (Beijing)

Gome, a major electrical-appliance retailer in China, is planning to sell 20% of shares owned by founder Huang Guangyu to raise capital. "The share sale will help improve the shareholding structure of the company, and would be helpful for Gome to get out of the negative influence of Huang's incident," said Liu Buchen, an expert in home appliance.

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China Daily (Beijing)

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